PROVIDENCE, R.I. – Rhode Island Infrastructure Bank has closed on $5 million in low-cost financing for water main replacements in the Town of Lincoln’s Saylesville neighborhood. The project will replace approximately 7,400 feet of asbestos cement water main with new ductile iron water main. The $5 million Drinking Water State Revolving Fund loan also includes $250,000 at 0% interest for public and private service line replacements within the Saylesville project.
“When we turn on the water tap, we just expect clean, safe drinking water without realizing the millions of dollars in infrastructure required to support that every day activity,”
“The water mains serving the Saylesville area are more than 70 years old and in need of replacement,”